City Club Apartments Kicks Off Detroit Redevelopment

The $25 million project will update the 1974-built tower and designate 20 percent of the units as affordable for the property’s current residents.

Hunt Arranges Refi for Trio of Historic Buildings in Detroit

The company provided a 10-year, fixed-rate Fannie Mae conventional loan for Hibbard Tower, Kean Building and Trombley Lodge.

JV Breaks Ground on Detroit Community

A partnership of The Roxbury Group, Invest Detroit, Capital Impact Partners and the Michigan Economic Development Corp. is spearheading the development.

Student Housing Community Wraps Up in Detroit

Developer Corvias and Wayne State University have finished the second phase of the 841-bed project.

LR Management Buys Detroit-Area Community

The acquisition of the 62-unit asset in Farmington Hills, Mich., was subject to a $3.5 million Fannie Mae loan from Greystone.

Detroit Metro Report Photo by Pawel Gaul

Detroit Multifamily Report – Summer 2019

The leisure and hospitality sector leads gains, mainly due to an increasing number of visitors as well as new hotel projects coming online.

The Habitat Co. Bolsters Condominium Division

David Barnhart, the newly appointed vice president, will work alongside Shruti Kumar, appointed as regional manager, in overseeing the company’s portfolio in Chicago, Detroit and Tampa.

Madison Marquette, GFH Financial Group Buy 6-Building Senior Housing Portfolio

The joint venture purchased properties located in California, Washington and Michigan totaling 509 units.

Brush + Watson

Michigan Awards LIHTC for 536 Affordable Units

The state selected five projects in Detroit for the federal tax credits, which will support the construction of 235 new units and preserve the affordability of 318 existing units.

Time Equities Adds Community to Grand Rapids Skyline

The 16-story tower is the result of a joint effort between contractor Pioneer Construction, property manager KMG Prestige as well as architecture firm Ghafari Associates.